Chennai, in the case of Overseas Beverages Pvt. Ltd. v. ACIT, has deleted an addition of Rs. 1 crore made under Section 69A of the Income Tax Act, 1961. The addition was made by the Assessing Officer ...

If you owe the IRS money for back taxes and need some extra help, there are a few different options to consider.

So, how long should you keep tax returns and tax documents ... If you file a claim for a loss from a bad debt deduction, the ...

If you haven’t filed your tax return yet, you can use a tax calculator to estimate your federal refund. Gather paystubs, tax ...

Discover cards are currently not available on CNBC Select and links have been redirected to our credit card marketplace where you can review offers from other issuers like American Express or Chase.

15. In terms of Section 36 (2) (i) of the Act, no deduction on account of bad or doubtful debts is allowed if the same was not accounted for in computing the income of the previous year or prior years ...

real estate purchased through a mortgage can provide rental income, tax benefits and capital gains. This type of debt can be self-liquidating, making it more manageable over extended periods. Bad ...

Many Americans could turn to their income tax refunds to pay off debt. A refund has the potential to make a serious dent in your debt. The average refund amount in 2024 was $3,138, according to ...